California BanCorp reports Q4 net income of $16.8M, EPS $0.51, vs Q3 loss

California BanCorp \ CA

2024-FY EPS reported $0.22

Net income $16.8M ($0.51 diluted) in Q4 2024 vs net loss $16.5M ($0.59) in Q3; full year net income $5.4M vs $25.9M in 2023.
Net interest margin expanded to 4.61% from 4.43% in Q3; average loan yield increased to 6.84% from 6.79%.
Reversal of provision for credit losses of $3.8M vs $23.0M provision in Q3, which included day-one merger charge.
Tangible book value per share rose $0.43 to $11.71; total assets $4.03B, down 7.6% from September 30.
Noninterest-bearing deposits 37.0% of total; brokered deposits cut to $121.1M from $222.6M in Q3.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.